IDFC First Bank board clears 20000 cr fundraise, sets Aug 7 dividend record date
IDFCFIRSTB · price
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IDFC First Bank board approved enabling approval to raise up to 7500 crore via equity and 12500 crore via debt over one year, subject to shareholder and regulatory nods. Independent Director Pravir Vohra steps down July 31 after completing his maximum tenure. Anurag Mishra to take over as Chief Vigilance Officer from August 17, replacing Nilesh Doshi. Board also amended Articles to allow eligible investors above 5 percent to nominate a director. Record date fixed as August 7, 2026 for final dividend for FY 2025-26.
Fundraise is enabling only with no immediate dilution. Director exit is on term completion. Dividend eligibility locked at Aug 7 record date.